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Testimonials

"When it was time to establish a Space Academy in Singapore, TriVector needed a knowledgeable firm that could not only help us establish our infrastructure, but could also advise on the local and regional business climate. Healy was that firm, which is why we've been satisfied Healy Consultants for almost five years now."

"Healy Consultants were instrumental in the set up of our company. They have continued to provide exceptional support and advice over the years."

Susan Gunnery, Managing Director Qudoss Group

"Healy Consultants is the best firm that we have ever worked with. Through our entire business relationship we were satisfied with provided level of quality and services. Healy Consultants have been responsive and detail oriented which has allowed us to stay focused on our business and not getting distracted with small details."

"Not only did Healy Consultants have expert knowledge of local requirements, they also understood my needs as a foreigner, which is something lacking with the Singaporean consulting firms I spoke to. They drove the process from start to completion. I’m more than satisfied with the service."

"Healy Consultants have ably assisted the Normet Group to register a new company and open a bank account in Malaysia within a 6 week period. The service offered has been excellent. From the initial briefing through to completion, incorporation has been fast, efficient and we have been regularly updated on the status of the project as it has proceeded. Thank you to the staff of Healy's for their able assistance and efficient service."

Bill Reid, Vice President Normet Asia Pacific

"Healy Consultants is the best!"

Jake Jacobs, Director Knowledge Discovery Technologies Pte Ltd

"An amazing team of professionals whose support and guidance in setting up an international online company through Hong Kong, was executed with very little effort on my part. Thank you for getting me to the end goal successfully!"

"Thank you for your excellent support in all business matters since the inception of our firm. We can always rely on you to complete tasks in a professional and timely manner - it is a pleasure to have you on our team."

Mr Greg Schuett, Executive Director Transcend Global Pte Ltd

"Thank you for the helpful support regarding the Mauritius business set up."

Saudi Arabia company registration

For over a decade, Healy Consultants efficiently and effectively assists our Clients with business registration in Saudi Arabia.

Advantages of Saudi Arabia company registration

Foreign companies are allowed to bid for government contracts and operate in the Kingdom without a Saudi agent or partner;

The Saudi Industrial Development Fund makes interest-free loans to industrial companies of up to 50% of the total cost of the project, including pre-operating costs, investment in fixed assets, and working capital. However, a 50% loan requires Saudi participation which is not less than 50%. If Saudi participation is lower, the loan is reduced proportionally;

The Kingdom remains by far the largest Arab market, and is one of the world’s main trading nations in terms of goods and services. Saudi Arabia still depends on imports for most of its manufactured items, and many of its food stuffs. Consequently, local residents are hungry for international products and services and are willing to spend on quality;

Foreign companies enjoy exemption from customs duties on the import of machinery, equipment, tools, and spare parts for industrial projects.

Disadvantages of Saudi Arabia company registration

One of the biggest business challenges is government red tape, bureaucracy, and corruption. When there is ambiguity about Saudi law, it gives rise to corruption and unnecessary delays in executing deals in the country;

A Saudi company suffers corporation tax of 20%. Capital gains are taxed at 20%;

Foreign companies cannot import goods for resale and direct commercial marketing within the Kingdom to Saudi nationals. A Saudi agent or distributor must be appointed. Only Saudi nationals and 100% Saudi-owned companies may import goods. Importers must be licensed by the Ministry of Commerce;

Saudi Arabian business practices and laws still favor Saudi citizens. Saudi litigants have an advantage over foreign parties in almost any investment dispute because of their first-hand knowledge of Saudi law and culture. The dispute settlement process favors local parties in a dispute;

Disputes with Saudi partners causes serious problems for foreign investors. Saudi partners have blocked foreigners’ access to exit visas, forcing them to remain in Saudi Arabia against their will. In cases of alleged fraud, foreign partners may also be jailed to prevent their departure from the country while awaiting police investigation or adjudication of the case. Courts can impose precautionary restraint on personal property pending the adjudication of a commercial dispute;

The government tenders in procurements favor i) Saudi Arabians ii) companies with Saudi nationals at least 51% of the capital iii) products of Saudi Arabian origin;

During business registration and corporate bank account opening, the Saudi Government frequently requests documents to be attested by the Saudi Embassy in the country of origin of our Client. This is both a costly and time consuming exercise and complicates the company incorporation process. Examples of documents include: i) passports copies of directors; ii) parent company certificate of incorporation and M&AA; iii) power of attorney issued by the parent company. To overcome this problem, our Clients’ appoint Mr. Aidan Healy as the temporary nominee shareholder, director and bank signatory.